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Japanese candlesticks Japanese candlesticks are a type of chart that eastern traders may have used in the Middle Ages in order to track changes in rice prices. In contrast to the usual European chart, Japanese candlesticks give more information about price action: the parameters of the opening and closing of trades, as well as the minimum and maximum prices within a specified time frame. As a general rule, if prices are heading higher during candle formation, the body of the candle will turn Green or be left Red. If prices decrease, the body will be shaded in Red or any other color, even if the increasing candles in this chart have the background color Thus, candlestick analysis allows the trader to understand how prices have changed over a certain period of time. The high and low benchmarks represent the full range of candlestick fluctuations and indicate actual changes in currencies or other asset prices. This matter is especially important in the long-term charts, where the changes in the day's trading are all displayed at the time of closing. You as a trader do you use Japanese candlesticks to analyze the market?